WindForce Limited, the
pioneers in the growth and supply of renewable energy in Sri Lanka, has
announced an Initial Public Offering (lPO)
that aims to raise Rs.3.24 billion to fund its strategic expansion and
growth in the renewable energy sector.
The IPO offers 202,615,341
ordinary voting shares at Rs.16 per share and aims to raise Rs.3,241,845,456.
The Joint Managers and Financial Advisors to the issue are CT CLSA Capital
(Pvt) Limited and Capital Alliance Partners Limited. WindForce has been issued a [SL] AA- (stable) credit rating by ICRA
Lanka, which is the highest rating given to a corporate in Sri Lanka at the
The Changi Airport Group in Singapore recognised
SriLankan Cargo with a “Cargo Service Excellence Award” at a ceremony during
the ‘Let’s Talk Cargo 2021’ conference held recently in Singapore.
SriLankan Airlines has been nominated by the Cargo
industry partners in Singapore and shortlisted by a panel of judges as one of
the three recipients of the ‘Excellence Award’ alongside Singapore Airlines and
Cargolux.
This award was presented for providing superior
customer service and delivering swift and innovative solutions for the movement
of Cargo through the Changi Cargo hub.
SriLankan was also a recipient of another award –
“Top 5 Airlines by Absolute Cargo Growth” affirming its commitment further at
By Lakshila Wanigasinghe
The first Sustainable Development Goal (SDG) is to “end poverty in all its forms everywhere” by 2030. While achieving the goal of zero poverty is a lofty goal for any government, it is profoundly more so for those of developing countries. The high levels of inequalities and resource constraints are the main factors that stand in the way of reaching this ambitious yet attainable aim.
There are several steps Sri Lanka can take to fast-track the achievement of SDG 1, and extend greater social protection to its most vulnerable groups. This blog analyses the Samurdhi (prosperity) programme, the country’s main poverty alleviation initiative launched in 1995, and argues that addressing its core problem of poor targeting of beneficiaries is essential to end poverty in Sri Lanka.
Nations Trust Bank and the Department for Registration of Persons (DRP) recently signed a Memorandum of Understanding (MOU), enabling the Bank to digitally verify the customers’ identity through the information held by the DRP upon the consent of the customer. The progressive digital customer verification process will take away the cumbersome traditional Know Your Customer (KYC) process which includes ID card verification, face verification and document verification for proof of address. The signing took place on March 2nd 2021 with officials present from both parties including Mr. P Viyani Gunathilake, Commissioner General of the Department for Registration of Persons and Mr. Randil Boteju, Senior Vice President – Sales & Digital Banking of Nations Trust Bank. This new process will transform the Bank’s customer-centric approach to enhance the customer experience and provide a seamless digital banking service. With the recent push for digital solutions across the country, the
Sampath Bank recently announced the launch of Sri Lanka’s first Visa powered business debit card linked to a corporate account – the Sampath Bank Visa Business Debit Card – to help businesses of all sizes gain more control over their expenses.
The Bank’s business customers will now be able to move away from cash and provide separate Debit Cards to their employees for day-to-day expenditure. They can set monthly transaction limits to each individual card and link the cards to their preferred company account with Sampath Bank. The chosen account will be directly debited each time an employee makes a payment using the card. Businesses can consolidate all spending information using the detailed electronic reports it offers and simplify their payments, bookkeeping, reporting and monitoring processes.